Voices: Kevin Clewley, on Keeping Clients from Selling as Fed Tapers

Voices is an occasional column that allows wealth managers to address issues of interest to the advisory community. Kevin Clewley is president of K. D. Clewley Capital Management in San Diego.

Despite widespread views to the contrary, quantitative easing (QE), the monetary policy in which the Fed buys bonds back from its member banks, has not promoted economic growth in the U.S. economy--it has been a drag on it. And while some...